Position: Senior Compliance Analyst
Location: Etobicoke, Ontario
Note to ADP Associates
An associate must be in his/her current position for a minimum of 18 months to
apply for any internal openings. He/she must inform their manager have they been
invited for a second interview.
A little about ADP:
We are a global leader in human resources technology, offering the latest AI and
machine learning-enhanced payroll, tax, human resources, benefits, and much
more. We believe our people make all the difference in cultivating an inclusive,
down-to-earth culture that welcomes ideas, encourages innovation, and values
belonging. We serve over 1 million clients in 140 countries with over 63,000
associates worldwide. Thanks to the talent, commitment, and authenticity of our
ADP associates around the world, we’ve earned accolades from some of the
industry’s most respected thinkers for being one of the best places to work. To
name a few, we have been recognized as a Greater Toronto’s Top Employer 2024 by
Mediacorp Canada and a Best Workplace for Innovators by Fast Company. Learn more
about diversity, equity, and inclusion at ADP on our YouTube
channel: http://adp.careers/DEI_Videos [http://adp.careers/DEI_Videos]
In Canada, ADP Canada is the leading provider of Employer Services, providing a
comprehensive range of payroll, human resources management, benefits
administration, time & labour management, occupational health and safety and
comprehensive outsourcing services. The company has more than 2,500 associates
dedicated to providing a level of personalized attention and expertise that no
in-house software package or systems vendor can match. With a client base of
more than 50,000 organizations across Canada, ADP pays one in four Canadians in
the private sector. Headquartered in Toronto, ADP Canada also has offices in
Halifax, Montreal, Calgary, and Vancouver.
Visit www.adp.ca [http://www.adp.ca/] to learn more about the company!
Description:
Position summary:
The Senior Compliance Analyst role is to ensure the International Money Movement
(IMM) compliance with Sarbanes Oxley's act, Service Operational Controls (SOC
-ISAE3402, CSAE3416 and SSAE16) and internal audit compliance assessment,
adherence and review. IMM areas, typically of the largest and most complex
nature,
are reviewed to ensure compliance with applicable internal policies and
procedures
and external regulations.
The compliance requirements and industry issues should be identified in order to
develop solutions that meet compliance and business requirements. The Senior
Compliance Analyst interacts with various levels of the business unit,
Management,
Legal Counsel and counterparts in other divisions globally.
As part of this role it is important to ensure the effective operation of
selected
compliance programs, which may include Regulatory Compliance Management,
Anti-Money Laundering/Anti-Terrorist Financing, Privacy, Canada's Anti-Spam
Legislation, Retail Payments Activities Act, UK Financial Conduct Authority, and
other regulatory compliance functions.
Key responsibilities:
- Monitor, control and correct key compliance operational processes and
transactions. Collaborate with key business units and IT personnel to resolve
the process and/or transactional issue. Ensure corrective measures are
implemented timely and accurately in order to maintain process and
transactional compliance to all regulatory and reporting entities.
-
Apply compliance; internal and operational risk controls in accordance with
ADP or regulatory standards and policies; report issues and operational loss
events including conducting the Annual Safeguarding Legal and Operational
Risk Identification and Mitigation Assessment
-
Monitor various reports, to identify and document fraudulent activity; report
such activities to the Compliance Officer, government agencies via Suspicious
Activity and Currency Transaction reporting and ADP Global Security.
- Identify, develop and /or oversee all regulatory and reporting requirements
related to Federal, Provincial, local agencies, Fintrac, Financial Conduit
Authority (FCA), Australian Securities and Investments Commission (ASIC),
FinCEN, Sarbanes Oxley, ISAE3402, CSAE3416 and SSAE16. Provide compliance and
risk integration expertise for product changes, acquisition and/or new money
movement products to ADP.
- Participate in the Enterprise Risk Management meetings and the work required
with the action items to minimize the Global Money Movement and Compliance
risks with the focus on the International Money Movement (core and non-core).
- Build and conduct legal and operational, and safeguarding risk assessments
including providing a summary of the assessment and ongoing monitoring to
ensuring high risk items are managed to reduce their residual risk.
- Participate in compliance reviews, projects and training efforts; act on
behalf of senior management, as required.
- Provide guidance to less experienced compliance personnel on regulatory
matters, as appropriate.
- Review the overall compliance activities for International Money Movement and
Compliance products including conduct an annual Asset and Operational Risk
Identification. Monitors all current and proposed regulatory and legal
changes and develops appropriate course of action to ensure compliance and
oversight for material incident management and reporting processes
- Implements policies and procedures that support regulatory and legal changes.
Collaborates with all product areas along with Corporate Audit and Legal
Departments. Conduct Annual review of Safeguarding Framework and oversee and
identify all pertinent reporting requirements.
- Analyze activity and trends to mitigate risk of loss to ADP; determines
appropriate financial actions and/or workflow processes and works with third
party vendors, Regulatory agencies, Internal Business Stakeholders and
Clients to ensure minimal or no negative impact to ADP.
- Consult with Internal Business stakeholder, Third Party Vendors, Regulatory
Agencies, and Industry Governance organizations which may lead to development
and implementation of required procedures and reporting and develops business
requirements for system development with IT and other supporting
organizations. Conduct Third Party vendor reviews and assessments for the
Payment Service Provider (PSP) RPAA requirements.
- Provide compliance integration expertise for all product changes and
acquisition for the international money movement products.
Conduct self-testing and a recurring review the RPAA safeguarding and
operational risk management framework, controls, and processes.
- Provide consultation and oversight to ensure ADP Canada’s compliance
programs, specifically RPAA, remains compliant as regulatory requirements
change and evolve.
Experience, Skills, Academic:
Qualifications:
- Minimum of five years proven audit, compliance, Financial services operations
and/or regulatory experience, or equivalent.
- Additional training or certification in Internal Audit, Legal or Compliance
specialty highly preferred.
- Understanding of internal ADP systems, proprietary bank software and
transmission protocols, Money Movement or Banking are essential.
- Comprehensive understanding of financial transactions as they relate to
banking processes.
- Ability to understand functional processes and make improvements to reduce
redundancies and costs.
- Proven interpersonal, organizational, communications, analytical and project
management skills.
- Proficiency with personal computers and pertinent mainframe systems and
software packages.
- Ability to influence a wide audience with no direct reporting authority
- Maintain and develop strong relationships with key business stakeholders
- Exceptional negotiation skills. Strong leadership skills as a lead or
individual contributor role.
- Strong analytical skills, ability to work under pressure and strong customer
service skills.
Education:
- University degree. Bachelor's degree in business, finance, accounting,
related field or equivalent experience.
- Preferred qualification: Master’s Degree or Certification. Certifications can
include: Internal audit certification, certified public accountant, certified
anti-money laundering specialist
YOU'LL LOVE WORKING HERE BECAUSE YOU CAN:
- Be yourself in a culture that values equity, inclusion, and belonging and
creates a safe space for diverse perspectives and insights.
- Belong by joining one of our Business Resource Groups where you can connect
globally with networks and allies who share common interests and experiences.
- Grow your career in an agile, dynamic environment with plenty of
opportunities to progress.
- Continuously learn through ongoing training, development, and mentorship
opportunities.
- Be your healthiest. Best-in-class benefits start on Day 1 because healthy
associates are happy ones.
- Focus on your mental health and well-being. We're here to provide exceptional
service to our clients, and none of that happens without each of us taking
care of ourselves and being there for one another.
- Join a company committed to giving back and generating a lasting, positive
impact upon the communities in which we work and live.
- Get paid to pay it forward. Company-paid time off for volunteering for causes
you care about.
Diversity, Equity, Inclusion & Equal Employment Opportunity at ADP: ADP is
committed to an inclusive, diverse and equitable workplace, and is further
committed to providing equal employment opportunities regardless of any
protected characteristic including: race, color, genetic information, creed,
national origin, religion, sex, affectional or sexual orientation, gender
identity or expression, lawful alien status, ancestry, age, marital status,
protected veteran status or disability. Hiring decisions are based upon ADP’s
operating needs, and applicant merit including, but not limited to,
qualifications, experience, ability, availability, cooperation, and job
performance.
Ethics at ADP: ADP has a long, proud history of conducting business with the
highest ethical standards and full compliance with all applicable laws. We also
expect our people to uphold our values with the highest level of integrity and
behave in a manner that fosters an honest and respectful workplace.
Click https://jobs.adp.com/life-at-adp/
[https://jobs.adp.com/life-at-adp/?rb=ADP_COM] to learn more about ADP’s culture
and our full set of values
